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Hiscox profits jump — on balance

Hiscox, which recently rebuffed a bid offer from US giant Chubb, has recorded a rise in pre tax profits to £3.5m compared to only £112 000 in 1999, claiming that gross written premiums of £384.7m helped offset market volatility in it's Lloyd's operations.

Hiscox, which recently rebuffed a bid offer from US giant Chubb, has recorded a rise in pre tax profits to £3.5m compared to only £112 000 in 1999, claiming that gross written premiums of £384

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